Group E, The Brewers: Didier Acevedo, Justin Martel, Daiskue Takesako & Jonas Wongsriskulchai
This document summarizes a marketing audit of Starbucks Coffee, Inc. It outlines the company's history and rapid growth under visionary leader Howard Schultz in the 1980s. It describes Starbucks' target market as everyone, and relationship with customers through local marketing, cultural awareness, and online and in-store experiences. The audit also discusses Starbucks' supplier relationships focusing on fair trade, and products/promotion using unique terminology and word-of-mouth. It analyzes Starbucks' strengths, weaknesses, opportunities and threats, and concludes recommending Starbucks continue high quality standards, non-intrusive advertising, and grocery promotions to avoid over-saturation.
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Group E, The Brewers: Didier Acevedo, Justin Martel, Daiskue Takesako & Jonas Wongsriskulchai
This document summarizes a marketing audit of Starbucks Coffee, Inc. It outlines the company's history and rapid growth under visionary leader Howard Schultz in the 1980s. It describes Starbucks' target market as everyone, and relationship with customers through local marketing, cultural awareness, and online and in-store experiences. The audit also discusses Starbucks' supplier relationships focusing on fair trade, and products/promotion using unique terminology and word-of-mouth. It analyzes Starbucks' strengths, weaknesses, opportunities and threats, and concludes recommending Starbucks continue high quality standards, non-intrusive advertising, and grocery promotions to avoid over-saturation.
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A Brief Marketing Audit of
Starbucks Coffee, Inc.
Group E, The Brewers: Didier Acevedo, Justin Martel, Daiskue Takesako & Jonas Wongsriskulchai Schultz Arrives, 1982 Visionary Visits Italy Very Ambitious Rapid Growth Snowball Effect 5,800 Stores Financial Power Employee Benefits Target Market A Place/Company for Everyone Local Marketing Cultural Awareness Company Mission Relationship with Target Market Website Atmosphere Wireless Accessibility Personal Experience Supplier Relationships Fair Trade Coffee Act Giving Back Resulting Brand Equity Products and Promotion Distinctive Lingo Word-of-Mouth Sweet Escape Product Handout Non-Traditional Promo Pricing Strategies Value-Based Pricing Inelastic Demand 20% Avg. Price Increase Lets Do a SWOT SWOT Analysis Strengths Weaknesses Threats Opportunities Delivery or Street Vendors Keep Expanding Better Protection from Volatility Consumer Trends Growth of Market Saturation Loss of Protection against Volatility Corporate Control Visible Locations Low Turnover Cannibalization Marketing Myopia? Lack of Decaf Products
Conclusions and Recommendations
2002
2001
2000
1999
Contribution Margin Ratio
.589
.579
.558
.556
Current Ratio
1.57
1.33
1.47
N/A
Inventory Turnover Ratio
12.49
9.43
10.79
N/A
Asset Turnover Ratio
1.43
3.512
4.752
N/A
Debt-to- Equity Ratio
.000411
.000506
.000592
N/A
Net Profit Margin
6.5%
6.8%
4.3%
6%
Conclusions and Recommendations Continue Standards of High Quality Non-Intrusive Methods of Advertisement Avoid McDonalds Mistake Grocery Promotions The End Thanks for Listening